News on Stocks in Our Portfolios
Nucor (NUE):
Q4 EPS of $0.43 beats by $0.13. Revenue of
$4.45B (-7% Y/Y) misses by $0.1B.
T. Rowe
Price (TROW): Q4 EPS of $0.88
in-line. Revenue of $787.3M misses by $12.11M.
Economics
This Week’s Data
The
International Council of Shopping Centers reported weekly sales of major
retailers down 1.0% versus the prior week but up 2.0% versus the comparable
period a year ago; Redbook Research reported month to date retail chain store
sales down 0.5% versus the similar timeframe last month but up 1.6% on a year
over year basis.
The
November Case Shiller home price index
rose 0.6% versus expectations of a 0.7% increase.
The Conference Board’s
January index of consumer confidence came in at 58.6 versus estimates of 65.1.
Weekly mortgage
applications fell 8.1% while purchase applications dropped 2.0%.
The initial
fourth quarter GDP report came in at -0.6%
versus consensus of +1.0%.
Other
The
latest from Nouriel Roubini (medium):
The
latest facts bout rising US
For those interested,
this a long and detailed look at how the Libor scandal unfolded:
Update on student loans
(medium):
Politics
Domestic
Mickey Kaus, my
favorite liberal, dissects the latest immigration proposal (medium):
And Powerline
looks at it from a more conservative point of view (short):
Statesmanship is
so much harder than banalities (medium):
George Will is
another optimist about our future; and like Krauthammer, he postulates a
deteriorating social and economic environment will result in voter rejection of
the liberal agenda. In other words, it
may get worse before it gets better, (medium):
More
crony capitalism (short):
International
It
does make a difference, Hillary (medium):
Ditto (medium):
The growing demographic problem in China
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